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Agriculture trade
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MEXICO and China have an opportunity to take a big step forward in agricultural cooperation during a G20 summit to be held in Hangzhou in September, economist Anibal Zottele recently told Xinhua news agency.
The right agreements could see more Mexican agricultural products enter the Chinese market, said Zottele, who runs the China-Veracruz Studies Center at Veracruz University.
According to the North American country’s federal government, Mexican agricultural exports to China rose to US$150 million in 2015 and are expected to rise to around US$300 million. Currently, most of these exports are made up of avocados, seafood and cotton, although tequila demand is booming in China. Agreements on the export of white maize, dairy and meats were inked last year.
Zottele believes that Mexican farmers can greatly benefit from the Chinese market as the country’s growing middle class seeks more high-quality products.
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